Saudi Arabia announces it will invest 14.9 billion dollars in AI, cloud computing and emerging technology fields

Saudi Arabia announces an investment of $14.9 billion in AI, cloud computing, and emerging technology sectors. The country is collaborating with global tech giants including Google, Lenovo, Alibaba etc. Saudi oil company Aramco is also promoting AI-powered cloud computing cooperation.

The investment projects also include a $200 million AI and robotics manufacturing facility built by Lenovo in Saudi Arabia. Several tech companies plan to increase local AI innovation investments to enhance the region's technical capabilities. It has been reported that partners intend to use Tether's USDT to simplify property transactions.